Axalta Coating Systems (AXTA) has recently announced that its Board of Directors has initiated a comprehensive review of strategic alternatives to maximize shareholder value. What does it mean? The Board initiated a comprehensive review of strategic alternatives, including a potential sale of the company, changes in capital allocation, and ongoing execution of the strategic plan. The most interesting part is the potential sale of the company. After the announcement, the stock went up more than 13%.
Discussions in 2017
In 2017, Axalta was engaged in discussions with Akzo Nobel regarding a potential merger